Investors have been flooding back into Australia's property market, reaching an 8-year high, driven by low interest rates and tight rental supply.
This surge in investor activity has led to fierce competition and significant profits for sellers. According to the REA Group's PropTrack Terri Scheer Investor Report, about one in seven Australians now own a rental property.
The report attributes the rise in new investor lending to tight rental conditions and renewed confidence following multiple RBA rate cuts.
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Author's summary: Investor activity in Australia's property market hits 8-year high.